Gold is undervalued.
Gold’s price for a troy ounce could reach 3 000 USD in 2024 due to increasing encounters intensity and rising geopolitical pressure.
The pressure is just too much and the capital has to find a place to go for safety and gold, with possible two rate cuts in 2024 by the Federal Reserve looks like a logical choice.
Basically, gold and gold mining stocks are grossly undervalued and it is a matter of time before trillions of USDs of value in gold and gold miners is unlocked, according to Wolfteam Ltd.’s estimates.
www.wolfteamedge.com
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